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2016-11-16 Economy

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Posted by Besoeker 2016-11-16 07:06|| || Front Page|| [3 views ] Top

#1 [BIG SIGH]
Texas, God's gift to modern civilization! Drill 'em deep, boys! Can't let my one-ton diesel go dry.

Posted by AlmostAnonymous5839 2016-11-16 08:36|| 2016-11-16 08:36|| Front Page Top

#2 Peak oil my ass.

Posted by Whiskey Mike 2016-11-16 11:19|| 2016-11-16 11:19|| Front Page Top

#3 for context,

Total US proved reserves were about 20 B barrels in 2008 and are about 40 B barrels in 2016.

Unconventional deposits in the US include tight formations, kerogen (aka oil shale) formations, oil sands and so forth. Combined they are somewhere about a trillion or so barrels. As technology improves additional increments of these deposits become economical to extract.

Posted by lord garth 2016-11-16 11:53|| 2016-11-16 11:53|| Front Page Top

#4 #2 Peak oil my ass.

Come on, dude! Peak oil is serious stuff. We use whale oil for lighting and lubrication, and sooner or later, we're going to run out of whales.

Posted by SteveS 2016-11-16 14:42|| 2016-11-16 14:42|| Front Page Top

#5 Heh. I still have a tiny vial (<<1cc) of sperm whale oil. It was used to lubricate the bearing in a SINS (once, I should point out), but the "sell by" date (which was roughly 100 years) hit and it was being tossed. I snagged it for posterity.

Posted by Whiskey Mike 2016-11-16 15:18|| 2016-11-16 15:18|| Front Page Top

#6 the twitching of the Saudi/Iranian/UAE/Qatari oil ticks must be approaching Michael J. Fox levels

/(all sympathies to MJF, except for his Dem partisan hackiness)

Posted by Frank G 2016-11-16 18:54|| 2016-11-16 18:54|| Front Page Top

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